Indiana § 6-3.1-30-2 "Eligible business"

Indiana Statutes

§ 6-3.1-30-2 — "Eligible business"

Indiana § 6-3.1-30-2

Art. 3.1STATE TAX LIABILITY CREDITS

Ch. 30Headquarters Relocation Tax Credit

This text of Indiana § 6-3.1-30-2 ("Eligible business") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 6-3.1-30-2 (2026).

Text

As used in this chapter, "eligible business" means either of the following:

(1)A business that:

(A)is engaged in either interstate or intrastate commerce;

(B)maintains a corporate headquarters at a location outside Indiana;

(C)has not previously maintained a corporate headquarters at a location in Indiana;

(D)had annual worldwide revenues of at least fifty million dollars ($50,000,000) for the taxable year immediately preceding the business's application for a tax credit under section 12 of this chapter; and

(E)commits contractually to relocating its corporate headquarters to Indiana.

(2)A business that:

(A)is engaged in either interstate or intrastate commerce;

(B)maintains a corporate headquarters at a location outside Indiana;

(C)has not previously maintained a corporate headq

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As used in this chapter, "eligible business"
means either of the following:
(1) A business that:
(A) is engaged in either interstate or intrastate commerce;
(B) maintains a corporate headquarters at a location outside
Indiana;
(C) has not previously maintained a corporate headquarters at
a location in Indiana;
(D) had annual worldwide revenues of at least fifty million
dollars ($50,000,000) for the taxable year immediately
preceding the business's application for a tax credit under
section 12 of this chapter; and
(E) commits contractually to relocating its corporate
headquarters to Indiana.
(2) A business that:
(A) is engaged in either interstate or intrastate commerce;
(B) maintains a corporate headquarters at a location outside
Indiana;
(C) has not previously maintained a corporate headquarters at
a location in Indiana;
(D) either:
(i) received at least four million dollars ($4,000,000) in
venture capital in the six (6) months immediately preceding
the business's application for a tax credit under section 12 of
this chapter; or
(ii) closes on at least four million dollars ($4,000,000) in
venture capital not later than six (6) months after submitting
the business's application for a tax credit under section 12 of
this chapter; and
(E) commits contractually to relocating:
(i) its corporate headquarters to Indiana; or
(ii) the number of jobs that equals eighty percent (80%) of the
business's total payroll during the immediately preceding
quarter to a location in Indiana.